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What Did You Buy Today?
(09-26-2018, 05:40 PM)fenders53 Wrote: Bought BP today, and sold an at the money call in CVX to maybe up that position which has done well.  I am weeks late adding to energy.  Kicking KMI out of the stable very soon.  Owned it over 5 years and it is way down.  The fact it is not moving positively at all with a huge move in oil prices is my clue it's time to leave.  We'll see if that is a good move or not soon enough.  I was patient.  I might be more patient had I purchased it at these prices.   They lost me when they cut dividend when I needed it, while the stock was already way down.

A call or put?
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I took new positions in AOS and MDT. Family friend works for AOS. Great company!
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Sold a CVX put Mike. Just one contract. Sorry for the typo. I've been stung hard getting too deep in oil stocks in the past. Just too cyclical to be a real DGI play. I'm scared of everything but the big players when oil prices move south. KMI and SDRL are my most recent bad ideas for a longterm hold. KMI was solid as a rock when I bought it and I lost 50%. Trust in what they say is blown. SDRL was total devastation. Got sucked into a yield trap with high debt. When a commodity sector runs and your stock doesn't, it usually means you don't have all the facts you wish you did. Selling the heck out of puts to establish long positions in all sectors in the end. For now I just collect premiums and have few long positions. And it's working amazing in this slightly upwards bias market. I am a genius for now. That will change someday if I get too bold. Smile

EDIT: Not my intent to scare anyone out of KMI as I know some here are now establishing positions. My basis is probably over $40 and I've been patient. I'll average back out should it rise some assuming oil prices stay more stable as predicted by many.
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Started a small position in BKH. Looks to be fairly valued at the moment. Next dividend announcement should be an increase from the present 3.25% yield (5yr average is 4.1% for divvy raises).
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Finally grabbed some shares of T yesterday on the dip. Still have some open puts out there so maybe my position will grow in a few weeks. Grabbed some XEL a few days ago when utilities were taking a temporary beating.
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Hello Guys.... I've been away for a long time and finally decided to post a question on this forum.
I'm a Medtronic employee and have been taking part in their ESPP program (15% lower than market) and have opted into their DRIP program.
Over the years I've acquired about 788 shares of MDT with a decent Return.... But now that the stock has grown nicely, my Avg Cost Basis has also risen to almost $ 73.33.
Is it a good idea to keep investing in this or should I start focusing my cash in other stocks too
BTW, I do have some invested in MMM @ 197, IBM @ 109, STX @ 20.64 (which has given me the best returns till date) @ & BUD @ 87.96
I'm also invested in several Mutual Funds (mainly through my Investment Advisor (DIDI, FCPIX, FISMX, IVW, IVE, IJT, IYC) to get a diversified spread.

Any suggestions are welcome !!!
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At 15% below market, I'd still keep investing in MDT. Is this in a retirement vehicle or past tax? If it is in a retirement plan, sell some of the older shares if you think that you are getting too overweight in MDT.
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(10-03-2018, 01:33 PM)saimash Wrote: Hello Guys.... I've been away for a long time and finally decided to post a question on this forum.
I'm a Medtronic employee and have been taking part in their ESPP program (15% lower than market) and have opted into their DRIP program.
Over the years I've acquired about 788 shares of MDT with a decent Return.... But now that the stock has grown nicely, my Avg Cost Basis has also risen to almost $ 73.33.
Is it a good idea to keep investing in this or should I start focusing my cash in other stocks too
BTW, I do have some invested in MMM @ 197, IBM @ 109, STX @ 20.64 (which has given me the best returns till date) @  & BUD @ 87.96
I'm also invested in several Mutual Funds (mainly through my Investment Advisor (DIDI, FCPIX, FISMX, IVW, IVE, IJT, IYC) to get a diversified spread.

Any suggestions are welcome !!!

It would be hard to not invest in Medtronic at 15% off.  That said, diversification is good and you are fat in the same company you depend on for your paycheck.  I am sure there are vesting rules but do you have other options to transfer to within your company 401K?   If so, I would be scraping some profits into something non-medical.  Not suggesting you day or swing trade, but sector rotation happens several times a year, and there are a few times a year when a stock appears to be ahead of itself.  Maybe peel off 100 shares now and then, if you are allowed without losing your discount via penalty.  There are
bigger problems in this world than to be stuck with 788 shares of Medtronic but I like to be diversified.  If you have a couple million dollars in those mutual funds then just ignore me.  Smile
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(10-03-2018, 04:22 PM)fenders53 Wrote:
(10-03-2018, 01:33 PM)saimash Wrote: Hello Guys.... I've been away for a long time and finally decided to post a question on this forum.
I'm a Medtronic employee and have been taking part in their ESPP program (15% lower than market) and have opted into their DRIP program.
Over the years I've acquired about 788 shares of MDT with a decent Return.... But now that the stock has grown nicely, my Avg Cost Basis has also risen to almost $ 73.33.
Is it a good idea to keep investing in this or should I start focusing my cash in other stocks too
BTW, I do have some invested in MMM @ 197, IBM @ 109, STX @ 20.64 (which has given me the best returns till date) @  & BUD @ 87.96
I'm also invested in several Mutual Funds (mainly through my Investment Advisor (DIDI, FCPIX, FISMX, IVW, IVE, IJT, IYC) to get a diversified spread.

Any suggestions are welcome !!!

It would be hard to not invest in Medtronic at 15% off.  That said, diversification is good and you are fat in the same company you depend on for your paycheck.  I am sure there are vesting rules but do you have other options to transfer to within your company 401K?   If so, I would be scraping some profits into something non-medical.  Not suggesting you day or swing trade, but sector rotation happens several times a year, and there are a few times a year when a stock appears to be ahead of itself.  Maybe peel off 100 shares now and then, if you are allowed without losing your discount via penalty.  There are
bigger problems in this world than to be stuck with 788 shares of Medtronic but I like to be diversified.  If you have a couple million dollars in those mutual funds then just ignore me.  Smile
I actually bought MDT on Monday. I plan to add more soon. Great company!
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(10-03-2018, 04:22 PM)fenders53 Wrote:
(10-03-2018, 01:33 PM)saimash Wrote: Hello Guys.... I've been away for a long time and finally decided to post a question on this forum.
I'm a Medtronic employee and have been taking part in their ESPP program (15% lower than market) and have opted into their DRIP program.
Over the years I've acquired about 788 shares of MDT with a decent Return.... But now that the stock has grown nicely, my Avg Cost Basis has also risen to almost $ 73.33.
Is it a good idea to keep investing in this or should I start focusing my cash in other stocks too
BTW, I do have some invested in MMM @ 197, IBM @ 109, STX @ 20.64 (which has given me the best returns till date) @  & BUD @ 87.96
I'm also invested in several Mutual Funds (mainly through my Investment Advisor (DIDI, FCPIX, FISMX, IVW, IVE, IJT, IYC) to get a diversified spread.

Any suggestions are welcome !!!

It would be hard to not invest in Medtronic at 15% off.  That said, diversification is good and you are fat in the same company you depend on for your paycheck.  I am sure there are vesting rules but do you have other options to transfer to within your company 401K?   If so, I would be scraping some profits into something non-medical.  Not suggesting you day or swing trade, but sector rotation happens several times a year, and there are a few times a year when a stock appears to be ahead of itself.  Maybe peel off 100 shares now and then, if you are allowed without losing your discount via penalty.  There are
bigger problems in this world than to be stuck with 788 shares of Medtronic but I like to be diversified.  If you have a couple million dollars in those mutual funds then just ignore me.  Smile

Thanks for the suggestions... I wish I had a couple million dollars in those mutual funds (Still got a long way to go to)  :-)
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